{"id":974,"date":"2018-09-26T07:48:22","date_gmt":"2018-09-26T06:48:22","guid":{"rendered":"https:\/\/inscx.com\/trading\/?p=974"},"modified":"2018-09-26T07:48:22","modified_gmt":"2018-09-26T06:48:22","slug":"general-market-comment-16","status":"publish","type":"post","link":"https:\/\/inscx.com\/trading\/2018\/09\/26\/general-market-comment-16\/","title":{"rendered":"General Market Comment"},"content":{"rendered":"<p><strong>General Market Comment<\/strong><\/p>\n<p>US indices closed mixed <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_61503889\"><span class=\"aQJ\">on Tuesday<\/span><\/span> for the third trading day straight. Shares in the Automobiles &amp; Components (-2.72%), Semiconductors &amp; Semiconductor Equipment (-1.24%) and Utilities (-1.22%) sectors traded lower while shares in the Retailing (+0.9%), Energy (+0.57%) and Consumer Services (+0.57%) sectors gained strength. On the economic data front, the FHFA house price index rose 0.2% MoM in July (estimated 0.3%) from 0.3% in June. In addition, the Richmond federal manufacturing index increased to 29 in September (forecasted 20) compared to 24 a month earlier. Finally, the Conference Board consumer confidence index advanced to 138.4 i September (expected 132.1) from 134.7 in August. The S&amp;P 500 (2,915.56) remains above its 20d moving average (2,900.44 &#8211; positive slope) and 50d moving average (2,862.09 &#8211; positive slope).<\/p>\n<p>European markets are expected to start on a positive note.<\/p>\n<p><strong><span style=\"color: #444444;\">Foreign Exchange<\/span><\/strong><\/p>\n<p>The US dollar was bearish against most of its major pairs <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_61503890\"><span class=\"aQJ\">on Tuesday<\/span><\/span> with the exception of the JPY. On the economic data front, the FHFA house price index improved by 0.2% MoM in July (estimated 0.3%) from 0.3% in June. In addition, the Richmond federal manufacturing index increased to 29 in September (forecasted 20) compared to 24 a month earlier. Finally, the Conference Board consumer confidence index advanced to 138.4 i September (expected 132.1) from 134.7 in August.<\/p>\n<p>The Euro was bullish against most of its major pairs with the exception of the GBP. In Europe, French business confidence index rose to 106 in September from 105 a month earlier. Economists anticipated 105.<\/p>\n<p>The Australian dollar was lower against most of its major pairs with the exception of the JPY.<\/p>\n<p><strong><span style=\"color: #444444;\">Commodities<\/span><\/strong><\/p>\n<p>After the close of Wall Street, WTI Crude Future (<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_61503891\"><span class=\"aQJ\">NOV 18<\/span><\/span>) was about flat to $72.28. The contract was above its 20D MA (@ $69.4) and above its 50D MA (@ $67.71).<\/p>\n<p>Gold was up $2.1 to $1201.2. The precious metal was above its 20D MA (@ $1200) and below its 50D MA (@ $1205).<\/p>\n<p>Copper Future (<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_61503892\"><span class=\"aQJ\">DEC 18<\/span><\/span>) on Comex was down 1.5c to 282.1c\/lb. The contract was above its 20D MA (@ 269.87c) and above its 50D MA (@ 273c). In Europe, the London Metal Exchange reported its copper inventories decreased 1425 tons to 212925 tons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Market Comment US indices closed mixed on Tuesday for the third trading day straight. Shares in the Automobiles &amp; Components (-2.72%), Semiconductors &amp; Semiconductor Equipment (-1.24%) and Utilities (-1.22%) sectors traded lower while shares in the Retailing (+0.9%), Energy (+0.57%) and Consumer Services (+0.57%) sectors gained strength. On the economic data front, the FHFA &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/inscx.com\/trading\/2018\/09\/26\/general-market-comment-16\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;General Market Comment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-974","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Market Comment - INSCX Live Trading Platform<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inscx.com\/trading\/2018\/09\/26\/general-market-comment-16\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Market Comment - INSCX Live Trading Platform\" \/>\n<meta property=\"og:description\" content=\"General Market Comment US indices closed mixed on Tuesday for the third trading day straight. 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